Palm Beach County, Florida Income Statistics
Palm Beach County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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B
Palm Beach County Around averageWealthier than 92% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Palm Beach County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,275 | $74,580 | $80,455 |
| Median Personal Income | $56,180 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.3% | 5.4% | 4.8% |
| Six-Figure Earners | 15.3% | 11.6% | 13.9% |
| $200k+ Households | 15.7% | 11.0% | 13.2% |
The median household income in Palm Beach County is about 13% higher than in Florida. Income has been growing slower in Palm Beach County (5.3%/yr) than in Florida (5.4%/yr).
About 15% of adults in Palm Beach County earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Palm Beach County, Florida grew by 56.2% from 2009 to 2024, reaching $84,275 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Palm Beach County
| Metric | Palm Beach County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.551 | 0.552 |
| Male Median Income | $65,322 | $60,595 | $69,667 |
| Female Median Income | $54,107 | $50,762 | $56,850 |
| Gender Pay Gap | 17.2% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Palm Beach County, it is 0.552, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 21% more than women's income in Palm Beach County, Florida. Over a 35-year career, a 21% wage gap accumulates to roughly $392,525 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Palm Beach County, Florida has widened from about 16% to 17% in 2024. Over that period the gap was widest at 18% in 2023, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $4,122 since 2009.
Against the trend: the pay gap in Palm Beach County widened by 1.5 points while Florida's narrowed by 2.5 points.
Employment
| Metric | Palm Beach County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 15.4% | 15.7% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 41,557 people are unemployed in Palm Beach County, Florida.
The average commute time in Palm Beach County is 23 minutes, about the same as in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Palm Beach County, Florida has fallen from 10.5% to 5.5% in 2024. Over that period the rate peaked at 11.8% in 2013 and fell as low as 5.4% in 2023.
Palm Beach County, FL Wealth Compared With Nearby Counties
Palm Beach County, FL is the 2nd largest of the 6 counties compared here, 1,530,264 residents against a local median of 160,388. Palm Beach County, FL's median household income, at $84,275, runs 18% above the $71,643 typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread $37,561 on median household income, so Palm Beach County, FL sits at one end of an already wide local range rather than apart from it. Palm Beach County, FL has the highest median household income of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Palm Beach County, FL | 1,530,264 | $84,275 #1/6 | 5.3%/yr #4/6 | 5.5% #4/6 | 0.552 #3/6 |
| Martin County, FL | 160,388 | $83,704 | 5.9%/yr | 4.9% | 0.551 |
| Broward County, FL | 1,975,984 | $77,494 | 4.8%/yr | 5.4% | 0.553 |
| St. Lucie County, FL | 360,498 | $71,643 | 6.2%/yr | 6.0% | 0.534 |
| Hendry County, FL | 42,373 | $57,352 | 5.7%/yr | 4.4% | 0.563 |
| Glades County, FL | 12,560 | $46,143 | 4.0%/yr | 7.1% | 0.615 |
Conclusion
Considering all these factors, Palm Beach County, Florida has an overall wealth index grade of B, making it somewhat better than Florida, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Palm Beach County, Florida.
How Rich Is Palm Beach County, Florida?
Palm Beach County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $84,275, about 13% higher than the Florida average of $74,580.
How fast is household income rising in Palm Beach County, Florida?
Between 2009 and 2024, the median household income in Palm Beach County, Florida rose 56%, from $53,943 to $84,275. Over the same years, income here kept pace with Florida as a whole: +56% against +57%.
What was the median household income in Palm Beach County in 2023?
In 2023, the median household income in Palm Beach County, Florida was $81,647, up 7% from $76,138 in 2022. The Florida median that year was $71,864.
What was the median household income in Palm Beach County in 2020?
In 2020, the median household income in Palm Beach County, Florida was $65,247. By 2024 it had risen 29% to $84,275.
How many people earn six figures in Palm Beach County, Florida?
Yes. 15% of adults in Palm Beach County, Florida earn $100,000 or more a year (about 1 in 7), against 12% (about 1 in 9) in Florida. 16% of households have a combined income of $200,000 or more, compared with 11% in Florida.
What is the Gini coefficient in Palm Beach County, Florida?
The Gini coefficient in Palm Beach County is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Palm Beach County, Florida?
Since 2009, the income gap between men and women in Palm Beach County, Florida has widened from about 16% to 17% in 2024. Over that period the gap was widest at 18% in 2023, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $4,122 since 2009.
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